In four southern metros home prices fell over 1% in September, per Realtor.com.
Houston, Memphis, Raleigh, and San Antonio had experienced high home prices as people moved there.
Those locations have more homes for sale than in other places, so buyers have more power.
AdvertisementAdvertisementFour of the 50 largest metro areas had a drop in home prices last month, compared to September 2022.
For example, in San Antonio, where prices dropped most of the four cities, the inventory of homes for sale in September grew 24% compared to a year earlier.
Persons:
San Antonio, —, Evan Wyloge, Danielle Hale, there's
Organizations:
metros, Service, Houston Public Media
Locations:
Houston, Memphis, Raleigh, San, Houston , Memphis, San Antonio